Tiger Brands Ltd : Voluntary Announcement: Acquisition of remaining interests in Langeberg and Ashton Foods (PTY) Limited
12/19/2011| 02:16am US/Eastern
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Voluntary Announcement: Acquisition of remaining interests in
Langeberg and Ashton Foods (Pty) Limited
Tiger Brands advises that agreement has been reached with
Ashton Canning Company (Pty) Limited ("Ashton") to acquire the
33.3% shares in Langeberg and Ashton Foods (Pty) Limited that
are held by Ashton ("the Acquisition").
As a consequence of the Acquisition, which is effective from 31
October 2011, Tiger Brands (together with its wholly-owned
subsidiary, Tiger Consumer Brands Limited) will hold 100% of
the issued shares in Langeberg and Ashton Foods (Pty) Limited.
Langeberg and Ashton Foods (Pty) Limited accordingly will be a
wholly-owned subsidiary of Tiger Brands with effect from 31
October 2011.
Langeberg and Ashton Foods (Pty) Limited is a fruit canning
business situated in Ashton in the Western Cape and is one of
the largest global fruit canners. The majority of its
production is exported to markets in the Far East, Europe and
Middle East.
The Acquisition falls below the transaction thresholds as set
out in the JSE Limited Listings Requirements and therefore this
is a voluntary announcement for information purposes only.
Date: 19 December 2011
Sponsor
JP Morgan Equities Limited
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